The best method for transferring funds – and having them available to you as soon as possible – is by initiating the transfer on the website of the bank where the funds are currently held. By doing this, you are pushing funds to the destination bank. The funds should appear in 1 to 3 business days‡ (not including the time it takes to link accounts). If you open a High Yield Savings Account with Personal Savings, the fastest way to transfer your funds out of your Personal Savings account and into a checking account would be by initiating the transfer on the Personal Savings site.
However, if you chose to initiate funds transfer with the bank where you want funds to arrive, you would then be pulling funds. Depending on the destination bank's hold policies, this transfer could take 3 or more business days.‡ If the destination bank is American Express National Bank and you initiated the transfer on the Personal Savings website, then the funds will appear in your account on the 5th business day‡ due to a necessary hold period for due diligence.
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